All listings
Active
ActiveSingle Family Residence
$520,000$277 / sqft
8859 SW 223rd Ter, Cutler Bay FL 33190
Listed
3
Bedrooms
2
Bathrooms
1,876 sqft
Interior
2005
Year built
$110 / mo
HOA
Single Family Residence
Type
About this home
Opportunity in the Lakes by the Bay area of Cutler Bay. This two-story home features an attractive Mediterranean-style exterior with tile roof, stone accents, second-floor balcony, paver driveway and two-car garage. Enjoy a convenient location near Lakes by the Bay Park, Black Point Park & Marina, Southland Mall, dining, shopping and entertainment, with easy access to major roadways. Property is occupied. Do not disturb occupants. No showings or interior access will be permitted. Property is being sold as-is. This property is now active in an online auction. All offers must be submitted through the property’s listing page on Auction. The sale will be subject to a 5% buyer’s premium pursuant to the Auction Terms and Conditions (minimums may apply). All auction bids will be processed subject to seller approval.
Features
- Other
- Open Balcony
- None
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$2,739
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $2,629
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 3-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $3,200–$5,000.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.